The Tualatin real estate market finished April with 45 closed sales, which is up from the 31 & 41 closed sales recorded during the prior months of February and March respectively. Of the 45 closed sales in April, 4 were distressed properties (foreclosures/short sales) representing 9% of the closed sales for the month. As of the end of April, distressed properties accounted for 24% of the active listing inventory. There were 5 closed sales of homes valued over $500K during April and a total of 15 sales over the three month period of February – April.
The inventory level is lowest in the $251-500K price bracket at only 0.6 months and overall it is 1.1 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 1.3 months worth across all price brackets.
The average sold price in April was $389K which is up $13K, compared to $376K in March. Meanwhile, the median sold price in April decreased to $349K, down from $380K the month prior. The average price of the active listings was $635K as of the end of April while the median list price was $440K during the same period.